DBS US Dollar Foreign Currency Fixed Deposit

The Development Bank of Singapore (DBS) offers various financial products and services. DBS offers the foreign currency fixed deposit scheme in 9 different currencies, and United States Dollar is one of the currencies that you can choose for your foreign currency fixed deposit account.

Features of DBS US Dollar Foreign Currency Fixed Deposit

DBS offers fixed deposit accounts for various foreign currencies including the USD (United States Dollar). You may choose from a range of flexible tenures as per your convenience. The tenure begins from 1 day, 1 week, 1 month, 2 months, 3 months, 6 months, and goes up to 12 months.

The initial placement amount for opening a fixed deposit account with DBS Bank is equivalent of S$5,000.

You can set maturity instructions in the following ways:

Renew both principal & interest amounts.

Withdraw both principal & interest amounts.

Withdraw the interest amount and renew the principal amount.

DBS US Dollar Foreign Currency Fixed Deposit Interest Rates

The interest rate for USD depends on the amount and tenure. It ranges from 1.47% p.a. for a tenure of 1 month to 2.095% p.a. for a tenure of 12 months. Since interest rates are subject to change without prior notice, it is best to check the latest rates in order to make an informed decision.